Abra

company

About

Abra is a digital asset financial platform where consumers and institutions can buy, sell, store, borrow, and generate yield on crypto.

Details

Last Funding Type
Series B
Last Funding Money Raised
$11.98M
Industries
Bitcoin,Blockchain,Cryptocurrency,Ethereum,FinTech
Founded date
Jan 1, 2014
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Plutus Financial Holdings, Inc.

Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.

Based in the United States, Abra operates in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers and $9B in transactions processed, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
8
$106.57M
Abra has raised a total of $106.57M in funding over 2 rounds. Their latest funding was raised on Sep 15, 2021 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 15, 2021 Series C $55M 15 Blockchain Capital
IGNIA
Detail
May 7, 2020 Corporate Round $5M 1 Stellar Development Foundation Detail
Aug 23, 2019 Convertable Note $4M 1 Detail
Mar 14, 2019 Series B $11.98M 9 American Express Ventures Detail
Oct 23, 2017 Series B $16M 10 HCM Capital
IGNIA
Detail

Investments

Number of Investments
Number of Lead Investments
2
0
Abra has made 2 investments. Their most recent investment was on Sep 6, 2022, when Credix raised R$60M.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 6, 2022 Credix
Series A R$60M Financial Services
Jul 12, 2022 Quadrata
Seed $7.50M Bitcoin

Investors

Number of Lead Investors
Number of Investors
7
36
Abra is funded by 36 investors. Blockchain Capital and IGNIA are the most recent investors.
Investor Name Lead Investor Funding Round
Blockchain Capital Yes Series C
IGNIA Yes Series C
HCM Capital Yes Series B
2TM Series C
American Express Ventures Series C
Arbor Ventures Series C
CMT Digital Ventures Series C
Disrupt Ventures Series C
Kenetic Series C
Kingsway Capital Series C

Employee Profiles

Number of Employee Profiles
16
Abra has 16 current employee profiles, including Executive Bill Barhydt
Executive
Board member
Board member
Board member
Employee